Index Of Industrial Production

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The Department for Promotion of Industry and Internal Trade (DPIIT) has asked manufacturing units to submit the monthly production statistics from April 2022 onwards for the new series of Index of Industrial Production (IIP). The department develops policies and strategies for industrial development in the country in line with the needs of the stakeholders. To meet this goal, monitoring industrial growth is necessary, and for that, the department has sought the unit's cooperation in providing the primary information on industrial production, the DPIIT has said in a communication. "In line with the above, you are requested to submit the monthly production statistics from April 2022 till the latest month and subsequent months," it added. The units can submit the data on a government portal. "The data you submit goes on to find representation in the IIP. As you may be aware, the IIP is an important indicator of industrial growth of the Nation, and your cooperation in this effort is .

Data showed that the manufacturing sector (5.8 per cent) led the revival in industrial production, followed by electricity (4.4 per cent) and mining sector (1.9 per cent) during the month

Industrial output in November 2024 grows at 5.2%, up from 3.5% in October 2024

The coal sector has registered a growth of 10.2 per cent among all eight core industries of the economy in May, the government said on Thursday. The index of coal industry has reached 184.7 points during May as compared to 167.6 points during the same month last year. "The coal sector has demonstrated highest growth of 10.2 per cent (provisional), following the electricity industry among the eight core industries for the month of May, 2024 as per the Index of Eight Core Industries (ICI)) (Base Year 2011-12) released by Ministry of Commerce & Industries," the coal ministry said in a statement. The driving force behind growth can be attributed to a considerable rise in coal production during May. This increase in production underscores the sector's capacity to meet growing demand of energy and manufacturing industries. The exceptional expansion of the coal sector, coupled with its substantial role in propelling the overall growth of the eight core industries, stands as evidence of .

Growth projections have been upgraded by various other agencies as well, with the median projection at 6.9 per cent

The IIP had grown by 1.9 per cent in March 2023

India's industrial production grew 4.9 per cent in March this year, according to official data released on Friday. The factory output measured in terms of the Index of Industrial Production (IIP) witnessed a growth of 1.9 per cent in March 2023. India's Index of Industrial Production grew by 4.9 per cent in March 2024, an official statement said. The data released by the National Statistical Office (NSO) showed that the manufacturing sector's output grew 5.2 per cent in March 2024 against 1.5 per cent in the year-ago month. In March this year, mining production rose 1.2 per cent, and power output increased 8.6 per cent. The IIP grew 5.8 per cent during fiscal year 2023-24 compared to a 5.2 per cent expansion in the preceding fiscal.

But remains well above RBI's 4 per cent target

Food and beverage recorded an inflation of 8.66 per cent vs 8.3 per cent in January 2024

Food and beverage recorded an inflation of 8.3 per cent in January 2024, compared to 8.70 per cent the previous month

Retail inflation: The jump in inflation was due to a rise in food prices as food inflation came in at 9.53 per cent in December

The growth in manufacturing output decelerated to 4.5 per cent, whereas output in electricity and mining accelerated to 9.9 per cent and 11.5 per cent respectively from last month

The factory output growth measured in terms of the Index of Industrial Production (IIP) had grown by 3.3 per cent in September 2022

Food inflation fell to 6.56 per cent in September against 9.67 per cent in August

Rural inflation was on the higher side at 7.02 per cent, compared to urban inflation at 6.59 per cent in August

The data released by the National Statistical Office (NSO) showed that the manufacturing sector's output increased by 3.1 per cent in June 2023

The IIP growth rate for the month of May came at 5.2%, according to the government release

It was for the second month in a row that retail inflation remained within the RBI's comfort zone of below six per cent